Global Consciousness Project

Registering Coherence and
Resonance
in the
World

"The Global Consciousness Project, also known as the EGG Project, is an international multidisciplinary collaboration of scientists, engineers, artists and others continuously collecting data from a global network of physical random number generators located in 65 host sites worldwide. The archive contains over 10 years of random data in parallel sequences of synchronized 200-bit trials every second."

Posts Tagged ‘market’

Of course, the Stock Market is NOT the economy, but for many, it’s the easiest touchstone to consider approximating the economy. And because most Americans are NOT heavily invested in Wall Street, its performance only nominally and indirectly affects them.

However, for those traders whose livelihood depends upon its gains or losses, such as corporate and investment banks, and brokerage houses, speculators, derivatives traders, hedge and other type funds, and the like, it doesn’t portend well.

And then, Steve Mnuchin, Secretary of the Treasury, while vacationing in Mexico, decided to call on Sunday the CEOs of 6 of the largest banks in America (Brian Moynihan of Bank of America; Michael Corbat of Citi; David Solomon of Goldman Sachs; Jamie Dimon of JP Morgan Chase; James Gorman of Morgan Stanley; and Tim Sloan of Wells Fargo), and then Twitterized it ex post facto. The media managers at Treasury decided to inform the public that… “The CEOs confirmed that they have ample liquidity available for lending to consumer, business markets, and all other market operations. He also confirmed that they have not experienced any clearance or margin issues, and that the markets continue to function properly.”

The Current White House Occupant is Mad at Mnuchin, and wants to fire Federal Reserve Chairman Jay Powell, ostensibly because Mnuchin told POS45 that Powell would be a good choice for Fed Chairman. That’s according to four anonymous people, who were described by Bloomberg News as being “four people familiar with the matter” and speak “on condition of anonymity.” Where I come from, and live, that’s called cowardice. It might be called something else in Trumpanzeeville.

Fact is, “ObamaCare” – which is properly known as the Patient Protection and Affordable Care Act, or ACA for short – though it’s monikered with POTUS Obama’s name, was largely a Republican brainchild from the über-conservative Heritage Institution.

How Food Marketers Made Butter the Enemy

James McWilliams—a historian who has made a name for himself in prestigious publications like the New York Times and The Atlantic for his contrarian defenses of the food industry—is back at it. In an item published last week in the excellent Pacific Standard, McWilliams uses the controversy over a recent study of saturated fat as a club with which to pummel food industry critics like the Times‘ Mark Bittman.

Here’s what happened: A group including Harvard and Cambridge researchers analyzed 72 studies and concluded that there’s no clear evidence that ditching saturated fat (the kind found mainly in butter, eggs, and meat) for the monounsaturated and polyunsaturated kind (found in fish and a variety of vegetable oils) delivers health benefits.

Perhaps the most telling rationale, or motivation for the course upon which corporations have set is explained in this statement by ANDREW SMITHERS:Yes, the current way in which managements are rewarded is perverse from an economic viewpoint. Adam Smith pointed out that some characteristics of human beings such as greed, which are often unpleasant at a personal level, can nonetheless bring social benefits. But this is not necessarily the case under current remuneration systems; greed is increasingly the cause of harm rather than help to the economy.

The long and short of it, is greed. And in that paragraph is the solitary mention of the word or practice.

Philosophically, this time, this period in our nation’s history – and in the history of the world, and in the greater, long term picture of humanity – is yet another prime example, and case in point illustrating why and how the selfishness of greed is unsustainable and genuinely evil.

No, Shayne/Hazard is no one-trick pony. He is also a noted money manager, recently highlighted by Forbes magazine for his perspicacity in stock-picking. Wrote Forbes: “If you follow the stock market, Jon Shayne is worth a good, long listen. Especially now.”

Having listened to Jon plenty over the past few years, I agree, especially with his emphasis on the increasing share of national income commanded by the owners of capital, in contrast to labor. This angle is the focus of Forbes’ story as well.

So I asked Jon to elaborate for the Making Sen$e audience. He has done so by interviewing the person who inspired his thoughts on the subject, British economist Andrew Smithers, who formerly ran the asset management business of S.G. Warburg, and now Read the rest of this entry »

U.S. milk production is headed for the biggest contraction in 12 years as a drought-fueled surge in feed costs drives more cows to slaughter.

Output will drop 0.5 percent to 198.9 billion pounds (90.2 million metric tons) in 2013 as the herd shrinks to an eight- year low, the U.S. Department of Agriculture estimates. Milk futures rose 45 percent since mid-April and may advance at least another 19 percent to a record $25 per 100 pounds by June, said Shawn Hackett. The president of Boynton Beach, Florida-based Hackett Financial Advisers Inc. correctly predicted the rally in March.

Dairies in California, the top milk-producing state, are filing for bankruptcy, and U.S. cows are being slaughtered at the fastest rate in more than a quarter century. Corn surged to a record in August as the USDA forecast the smallest crop in six years because of drought across the U.S. Global dairy prices tracked by the United Nations rose 6.9 percent last month, the most among the five food groups monitored, and that will probably mean record costs next year, Rabobank estimates.

“Farmers can’t afford to buy as much grain and protein, and that affects milk production,” said Bob Cropp, an economist at the University of Wisconsin in Madison who has been following the industry since 1966. “In California, there’ve been some foreclosures and some sell-off of cows quite heavily. You’re going to see that in other parts of the country.”

Mercantile Exchange

Class III milk, used to make cheese, jumped 22 percent to $21.05 on the Chicago Mercantile Exchange this year. That’s more than 21 of the 24 commodities in the Standard & Poor’s GSCI Spot Index, which rose 1.8 percent. The MSCI All-Country World Index (MXWD) of equities climbed 12 percent, and Treasuries Read the rest of this entry »

Jay Levy, who worked with his father, then his son, to publish an economics-forecasting newsletter, now in its seventh decade, that predicted the collapse in housing and latest recession, has died. He was 90.

He died on Oct. 4 at Northern Westchester Hospital in Mount Kisco, New York, according to his son, David. The cause was pneumonia. A resident of Somers, New York, he had suffered a series of mini-strokes in recent years.

The Levy Forecast, founded in 1949 as Industry Forecast, bills itself as the oldest paid newsletter devoted to economic analysis in the U.S. It is published by the Mount Kisco-based Jerome Levy Forecasting Center LLC, of which Levy was most recently senior counsel and managing director. The center carries the name of his father, Jerome, who died in 1967. Jay Levy’s son, David Levy, is chairman. They were part of what Forbes magazine, in 1983, called “a kind of economic dynasty.”

Levy and his son were “right as rain” in predicting the financial crisis and recession that began in 2007-2008, Alan Abelson wrote in Barron’s in January 2009.

Among the red flags they had raised was this from the November 2005 Levy Forecast:

In quiet conversations and background chats with Chinese officials and analysts about the state of things in China, the tone of despondency and cynicism was pervasive while the views of international attendees on China were generally bullish and upbeat.

Rota Fortuna – the Wheel of Fortune – Fortune and Her Wheel: Illustration from Vol. 1 of Boccaccio’s De Casibus Virorum Illustrium (On the Fates of Famous Men) (1467, Glasgow, Glasgow University LIbrary)

The Mississippi River has flooded to such an extent that the U.S. Army Corps of Engineers has decided to open floodgates and allow excess water from the river to flow toward the Gulf of Mexico through alternate routes.

Weeks of heavy rains and runoff from the melting of an extremely snowy winter have raised Mississippi River levels to historic proportions. Over 3 million acres (1.2 million hectares) of farmland in Mississippi, Tennessee, Arkansas along the river have been flooded, evoking memories of floods in 1927 & ’37.

Apple Computer (NYSE: AAPL), stunned the world today by announcing a critical error in the design of their iPhones, which has been present since the devices were first manufactured and sold in 2007.

It seems that the “bars” indicator – which has been used as a signal strength indicator, albeit an inaccurate and faulty one – is even more faulty than previously thought! In fact, it’s AFU – All Fouled Up. (That’s nice parlance.)

For those of you who do not know how to read radio signal strength indicators (and that’s very likely most folks), they’re expressed in negative numbers. The higher the negative number, e.g., -108, the weaker the signal. Conversely, the opposite is true: The lower the negative number, e.g., -16, the stronger the signal.

My iPhone 3GS is jailbroken, and one feature I have employed on it is a numerical signal strength indicator for the Cellular and WiFi signals. Here are two screenshots to illustrate.

UPPER LEFT CORNER: Cellular signal strength indicator using "Bars" - Note also, the WiFi signal (on the RIGHT of the AT&T) is much stronger than the cellular signal.

UPPER LEFT CORNER: Cellular strength indicator using the accepted numerical standard - Note also, the WiFi signal (on the RIGHT of the AT&T) is much stronger than the cellular signal.